R-15.1 - Supplemental Pension Plans Act

Section 235Versions

235.Pensions paid to members or beneficiaries affected by the partial termination of a pension plan shall continue to be paid under that plan except if the recipient, within 30 days after the day the information prescribed in section 203 is sent to him, requests that payment of the pension be henceforth assumed by an insurer.

Where that is the case, the pension paid by the insurer shall be a life pension and shall not be paid in any form other than that authorized by this Act.